Personal Records to Keep For Three Years

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• Bank Statements

• Credit Card Statements

• Medical Bills (in case of insurance disputes)

• Utility Records

• Expired Insurance Policies

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Personal Records To Keep For Seven Years

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• Supporting Documents For Tax Returns

• Medical Bills (if tax-related)

• Accident Reports and Claims

• Property Records/Improvement Receipts (keep until after disposing of the property)

• Wage Garnishments

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Personal Records To Keep Forever

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• Alimony, Custody, Prenuptial Agreements

• Birth and Death Certificates

• Income Tax Payment

• Income Tax Payment Checks

• IRS Notices

• Important Correspondence

• IRA and 401K Statements – (Year-end only)

• Legal Records

• Medical Records

• Photos or Videotapes of Valuables

• Retirement and Pension Records

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Other Personal Records

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• Car Records (keep until the car is sold)

• Credit Card Receipts (keep until verified on your statement)

• Insurance Policies (keep for the life of the policy)

• Mortgages / Deeds / Leases (keep 6 years beyond the agreement)

• Pay Stubs (keep until reconciled with your W-2)

• Property Records / improvement receipts (keep until property sold)

• Sales Receipts (keep for life of the warranty)

• Stock and Bond Records (keep for 6 Years beyond selling)

• Warranties and Instructions (keep for the life of the product)

 

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Please note this table should only be used as a guide.  You should consult with your attorney and insurance carrier when establishing a record retention policy.  It is also recommended reviewing your record retention policy annually and updating it as necessary considering governmental changes and other requirements.

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